The action is the latest in the Trump administration’s sweeping moves to undo the prior administration’s efforts to prod automakers to build electric vehicles after rescinding a push to make EVs at least 50% of new vehicles by 2030. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch […]
During the hearing, Justice Jamal Mandokhail remarked that the taxes collected through electricity bills go into the national treasury. Justice Hassan Azhar Rizvi pointed out that NEPRA conducts hearings on electricity tariffs and questioned whether Jamaat-e-Islami had ever raised objections during NEPRA’s proceedings. Justice Rizvi further stated that electricity theft is a major cause of […]
In a statement issued here, the KE maintained that the expected relief of proposed FCA is PKR 247 million which will translate to PKR 0.16 per unit. Following the public hearing the NADRA will issue a decision clarifying the FCA amount to be passed on to customer bills and the period for which they will […]
The fuel prices in the global market have decreased by $1.5 and $2.5 per barrel respectively in the last 15 days. Keeping in view the current exchange rate and current tax rates, the government is likely to provide relief to the masses by reducing the prices of petrol and HSD by Rs3 and Rs2.30 per […]
West Texas Intermediate crude futures rose $1, or 1.48%, to $68.67 a barrel by 0146 GMT. Brent crude futures were up 99 cents, or 1.39%, at $72.05 a barrel. Analysts said the bounce was partly a reaction to a potential hurricane in the U.S. Gulf Coast. A weather system in the southwestern Gulf of Mexico […]
Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by the completion of seasonal maintenance on Russian refineries. Russia’s offline primary oil refining capacity for July at 2.5 million tons was below June’s level by some 44%, according to calculations from industry sources. Since […]
